Financial Advocates Investment Management Buys 8,295 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Financial Advocates Investment Management grew its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 16.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,255 shares of the company’s stock after purchasing an additional 8,295 shares during the period. Financial Advocates Investment Management’s holdings in First Trust Enhanced Short Maturity ETF were worth $3,542,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in FTSM. Tsfg LLC acquired a new position in First Trust Enhanced Short Maturity ETF in the third quarter valued at about $36,000. UMB Bank n.a. acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter worth approximately $84,000. Trust Co. of Vermont acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter worth approximately $84,000. AdvisorNet Financial Inc bought a new stake in First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $91,000. Finally, Centaurus Financial Inc. increased its holdings in First Trust Enhanced Short Maturity ETF by 26.4% during the 3rd quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock valued at $151,000 after purchasing an additional 527 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.1 %

Shares of FTSM opened at $59.82 on Thursday. The stock has a fifty day moving average price of $59.87 and a two-hundred day moving average price of $59.91. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.54 and a 52-week high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, February 4th. Investors of record on Friday, January 31st were given a dividend of $0.226 per share. The ex-dividend date was Friday, January 31st. This represents a $2.71 annualized dividend and a yield of 4.53%.

First Trust Enhanced Short Maturity ETF Profile

The First Trust Enhanced Short Maturity ETF (FTSM) is an exchange-traded fund that is based on the Bloomberg U.S. Short Treasury Bond index. The fund is actively-managed to invest in a variety of fixed income securities with a target maturity of less than three years. FTSM was launched on Aug 5, 2014 and is managed by First Trust.